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Largest U.S. biofuels producer pledges carbon neutrality by 2050

Largest U.S. biofuels producer pledges carbon neutrality by 2050

Stephanie Kelly of Reuters reports that POET, the largest U.S. biofuels producer, has pledged to be net neutral by 2050.

The C3 Take
  • Short term, the company will look to reduce greenhouse gas emissions by 70% compared to gasoline by 2030, up from the current 46%.
  • POET plans on reaching these goals through carbon sequestration and the use of biomass to power their plants operations.
  •  The private sector’s environmental leadership shows that free economies are clean economies.

“POET operates 33 facilities across eight states. At full run rates, it produces 3 billion gallons of ethanol, 14 billion pounds of distillers dried grains, and 975 million pounds of corn oil annually.”

Read the full article here.

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